Commercial real estate is property that is used exclusively for business or commercial purposes such as office space; retail stores; warehouses; industrial space (buildings and manufacturing plants); hospitals; hotels and resorts; restaurants; shopping malls; and strip malls. Multifamily rental properties such as apartment complexes are also classified as commercial real estate.

Most commercial real estate is leased to tenants engaged in business or commercial activities. Commercial real estate is often an investment asset for real estate investment trusts (REITs) and large other investors.

In Utah, commercial real estate encompasses properties used solely for business activities, including office buildings, retail spaces, warehouses, industrial facilities, hospitals, hotels, restaurants, and shopping centers. Apartment complexes and other multifamily rental properties are also considered commercial real estate. These properties are typically leased to tenants for commercial purposes. Utah's commercial real estate market is regulated by state statutes that govern commercial leasing, zoning, land use, and environmental compliance, among other aspects. Additionally, federal laws may apply, particularly in areas such as the Americans with Disabilities Act (ADA) for accessible facilities, and environmental regulations. Investors, including REITs, often hold commercial real estate as part of their investment portfolios. It's important for parties involved in commercial real estate transactions or management in Utah to consult with an attorney to ensure compliance with all relevant laws and regulations.